The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Devi Jain
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On the reaction day the stock moved 10.6 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manju Devi Jain, a promoter of Akme Fintrade (India) Ltd, has acquired 70,00,000 equity shares through open-market purchases on 22 May 2025. This acquisition raised her shareholding from 1,53,14,800 shares (3.59%) to 2,23,14,800 shares (5.23%) of the company. The disclosure was filed under Regulation 29(1) of SEBI's SAST Regulations, as her stake crossed the 5% reporting threshold. The company's total equity share capital is Rs 2,23,14,800 divided into 2,23,14,800 shares of Re 1 each.
This is a promoter buying on the open market, which is generally seen as a confidence signal from an insider. However, with the holding moving from 3.59% to 5.23%, it also means the promoter is approaching the SEBI creeping acquisition limit (5% per financial year for persons holding 5-25%), so further open-market buying by her in the same year may attract additional compliance requirements.